Quant Price Forecast: May 11
The QNTUSD pair is very likely to continue growing. The coin price is currently negotiating the resistance level after a constructive pullback to a $97.91 retracement level. If the bulls could push higher and the price shows sustainability above the $153.83 high mark, then there is a higher chance that the crypto buyers would push the price up toward the $150.00 supply level, suggesting a higher potential for buy traders.
Key Levels:
Resistance Levels: $95.00, $96.00, $97.00
Support Levels: $85.00, $84.00, $83.00
QNTUSD Long-term Trend: Bearish (Daily Chart)
The Quant price is negotiating the resistance level, suggesting upward movement shortly, and remains bearish in its long-term view. Meanwhile, the bulls are now involved in the order flow, so it seems that the coin market will go higher soon.
The sustained bearish pressure at the $96.44 support value in the last three days has made the crypto’s price stay below the supply trend line in recent times. However, the coin price is turning around as it is negotiating the resistance level at the moment.
The impulse move by the bulls to a $97.91 high level negotiating the resistance level below the EMA-50 earlier today indicates that the traders are actively buying at this level.
Therefore should the bulls increase their swagger in the market, the price is poised to pump up above the key resistance levels around the $153.83.
Additionally, the QNTUSD market which is negotiating the resistance trend levels also means that the current trend may likely continue. In light of this, the coin price could reach as high as the $150.00 supply level and beyond soon in its higher time frame.
QNTUSD Medium-term Trend: Bearish (4H Chart)
The market price of QNTUSD is currently trading below the moving average negotiating the resistance trend lines in the medium-term outlook. This is due to the high inflow of short-term traders. 
The high order flow from the sell traders in the past few hours has led to the bearishness of the cryptocurrency in recent times.
Today, the buy traders corrected a $97.53 value negotiating the resistance level below the moving averages to resume its uptrend. This indicates an established bull trend. Thus, it is very likely that the bulls will continue rising as we are seeing a bullish correction in place at the present.
In a like manner, QNTUSD which is seen negotiating the resistance level at the moment might continue in that direction as shown by the daily stochastic pointing upwards. This will compel the bulls to continue with the trend and may likely break up the $123.47 and further extend to a $150.00 upper channel in the days ahead in its medium-term time frame.
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